A business sells $100 worth of goods to a customer, the customer pays $50 in cash immediately and will pay the remaining
$50 in 30 days' time.What is the double entry to record the purchase in the customer’s accounting records?
A business sells $100 worth of goods to a customer, the customer pays $50 in cash immediately and will pay the remaining
$50 in 30 days' time.What is the double entry to record the purchase in the customer’s accounting records?
A is incorrect as the debits and credits don’t equal each other, B is incorrect as the debits and credits are the wrong round
and D are incorrect as the credit purchase has been ignored.
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Which of the following is a ratio which is used to measure how much a business owes in relation to its size?
A business operates on a gross profit margin of 331/3%. were $680. Gross profit on a sale was $800, and expenses
What is the net profit margin?
A company has the following details extracted from its statement of financial position:
$'000
Inventories 1,900
Receivables 1,000
Bank overdraft 100
Payables 1,000
The industry the company operates in has a current ratio norm of 1.8. Companies who manage liquidity well in this industry
have a current ratio lower than the norm.
Which of the following statements accurately describes the company’s liquidity position?
Why is analysis of financial statements carried out?
Which of the following transactions would result in an increase in capital employed?
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